Question: Please help! Will rate! Must Show work! A trial balance before adjustment included the following: Debit Credit Accounts receivable 140,000 Allowance for doubtful accounts 730

Please help! Will rate! Must Show work!

A trial balance before adjustment included the following:

Debit Credit

Accounts receivable 140,000

Allowance for doubtful accounts 730

Sales 610,000

Sales returns and allowances 8,000

Give the journal entries assuming that the estimate of uncollectibles is determined by taking 5% of gross accounts receivable and (2) 3% of gross accounts receivable and assume a $730 debit allowance account balance

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